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Segment and Geographic Information
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment Reporting and Geographic Information Segment and Geographic Information
Strategic Education is an educational services company that provides access to high-quality education through campus-based and online post-secondary education offerings, as well as through programs to develop job-ready skills for high-demand markets. Strategic Education’s portfolio of companies is dedicated to closing the skills gap by placing adults on the most direct path between learning and employment. In the first quarter of 2021, the Company changed the way management reports financial information relied on by the Chief Operating Decision Maker (“CODM”) to evaluate performance and allocate the resources of the Company. The Company’s revised organizational structure includes three operating and reportable segments: U.S. Higher Education (“USHE”), which is primarily comprised of the Company's previous Strayer University and Capella University segments, Education Technology Services, and Australia/New Zealand. During the first three quarters of 2021, the Education Technology Services segment was called the Alternative Learning segment. Financial reporting under the new organizational structure began in the first quarter of 2021. Prior period segment disclosures have been recast to conform to the current period presentation.
The USHE segment provides flexible and affordable certificate and degree programs to working adults primarily through Strayer University and Capella University, including the Jack Welch Management Institute MBA, which is a unit of Strayer University. USHE also operates non-degree web and mobile application development courses through Hackbright Academy and Devmountain, which are units of Strayer University.
The Education Technology Services segment is primarily focused on developing and maintaining relationships with employers to build employee education benefits programs that provide employees with access to affordable and industry relevant training, certificate, and degree programs. The employer relationships developed by the Education Technology Services division are an important source of student enrollment for Strayer University and Capella University, and the majority of the revenue attributed to the Education Technology Services division is driven by the volume of enrollment derived from these employer relationships. Education Technology Services also supports employer partners through Workforce Edge, a platform which provides employers a full-service education benefits administration solution, and Sophia Learning, which enables lower cost education benefits programs through the use of low-cost online general education courses recommended by the American Council on Education for credit at other colleges and universities.
The Australia/New Zealand segment is comprised of Torrens University, Think Education and Media Design School in Australia and New Zealand, which collectively offer certificate and degree programs in business, design, education, hospitality, healthcare, and technology through campuses in Australia, New Zealand, and online.
Revenue and operating expenses are generally directly attributable to the segments. Inter-segment revenues are not presented separately, as these amounts are immaterial. The Company’s Chief Operating Decision Maker does not evaluate operating segments using asset information.
A summary of financial information by reportable segment (in thousands) for the years ended December 31, 2019, 2020, and 2021 is presented in the following table:
 201920202021
Revenues   
U.S. Higher Education$963,052 $966,579 $829,270 
Australia/New Zealand— 23,381 250,124 
Education Technology Services34,085 37,693 52,292 
Consolidated revenues$997,137 $1,027,653 $1,131,686 
Income (loss) from operations
U.S. Higher Education$172,889 $193,393 $104,914 
Australia/New Zealand— (13,275)35,855 
Education Technology Services21,233 19,643 21,311 
Amortization of intangible assets(61,667)(64,225)(51,495)
Merger and integration costs(21,923)(13,770)(11,201)
Restructuring costs— (12,382)(25,472)
Consolidated income from operations$110,532 $109,384 $73,912 
The following table presents a schedule of significant non-cash items included in segment income (loss) from operations by reportable segment (in thousands):
 201920202021
Depreciation and amortization   
U.S. Higher Education$41,962 $41,822 $38,178 
Australia/New Zealand— 1,930 10,640 
Education Technology Services831 828 1,067 
Amortization of intangible assets61,667 64,225 51,495 
Merger and integration costs401 — — 
Restructuring costs— 349 2,036 
Consolidated depreciation and amortization$104,861 $109,154 $103,416 
Stock-Based compensation
U.S. Higher Education$11,445 $14,452 $16,926 
Australia/New Zealand— 46 1,359 
Education Technology Services348 112 567 
Merger and integration costs367 — — 
Restructuring costs— — (703)
Consolidated stock-based compensation$12,160 $14,610 $18,149 
Geographic Information
The Company's long-lived assets are comprised of Property and equipment, net and Right-of-use lease assets. The Company's long-lived assets by geographic area as of December 31, 2020 and 2021 were as follows (in thousands):
 December 31, 2020December 31, 2021
United States$188,343 $156,389 
International91,198 143,787